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Banks can access JP Morgan’s ‘first accounts’ in ANZ cartel case
ACCC 2021-05-14 11:56 am By Cat Fredenburgh Melbourne

Several banks and executives facing criminal cartel charges over a $2.5 billion ANZ share placement have won access to interview notes taken by whistleblower JP Morgan prior to it being granted immunity, which the banks say will prove inconsistencies in the prosecution’s case.

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Telstra fined $50M for ‘beyond conscience’ exploitation of Indigenous customers
ACCC 2021-05-13 10:49 pm By Cat Fredenburgh Melbourne

Telstra has been fined $50 million for using unconscionable tactics to sign up more than 100 Indigenous customers with post-paid mobile plans they didn’t understand and could not afford, the second highest penalty ever imposed for consumer law violations.

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ACCC accuses company of trying to rig bid for National Gallery of Australia tender
ACCC 2021-05-13 4:19 pm By Cindy Cameronne Sydney

The Australian Competition and Consumer Commission has brought proceedings against industrial technology company Delta Building Automation for allegedly attempting to rig a bid for a tender by the National Gallery of Australia.

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Virgin Australia dodges lawsuit by passengers served perfume water
Article 2021-05-12 9:40 pm By Cindy Cameronne Sydney

Virgin Australia has defeated a lawsuit brought by two passengers who were served water which allegedly contained perfume, with a judge finding that their subsequent medical issues were not caused by the “tainted” water.

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Google wants say on whether Epic battle with Apple should be heard in Australia
ACCC 2021-05-12 3:43 pm By Cat Fredenburgh Melbourne

Internet search giant Google wants to weigh in on an appeal over whether Epic Games’ lawsuit accusing Apple of abusing its dominance in the app store marketplace should be heard in Australia, as the ACCC wins its bid to intervene in the case.

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ACCC drops long-running consumer case against NIB
ACCC 2021-05-12 12:11 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission has dropped a consumer case accusing NIB Health Funds of failing to alert customers to coverage changes in their policies, less than a month before trial was set to kick off in the long-running case.

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Farmers appeal ruling tossing contaminated seeds class action against Advanta
Agriculture 2021-05-11 9:55 pm By Cindy Cameronne Sydney

Queensland and NSW sorghum farmers have appealed a ruling that shut down its class action brought over allegedly contaminated seeds, saying the judge was wrong to find Advanta Seeds did not owe them a duty of care.

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Woolworths offers undertaking to ease ACCC’s concerns over $552M PFD tie-up
ACCC 2021-05-11 5:46 pm By Miklos Bolza Sydney

The ACCC is seeking views on a proposed undertaking by Woolworths aimed at allaying the regulator’s concerns about its planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services.

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Judge won’t keep sales figures confidential in epic Cargill, Viterra battle
Adam Purton 2021-05-11 3:55 pm By Miklos Bolza Sydney

A Victoria Supreme Court judge has rejected a post-trial bid to keep details of the 2019 sale of Cargill’s malt business under wraps in a long-running case over Viterra’s $420 million sale of its Joe White business, finding the move would be contrary to the principles of open justice where no harm from disclosure had been demonstrated.

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Vic Solar hit with $3M penalty for consumer law violations
Competition & Consumer Protection 2021-05-10 10:10 pm By Cindy Cameronne Sydney

A judge has hit solar panel supplier Vic Solar with a $3 million penalty for breaching the consumer law by making misleading representations in thousands of door-to-door sales of solar panels.

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